Ferrari refuses to pay ransom after it was hacked

Ferrari has become the latest victim of a cyber attack and was contacted by the hackers responsible who demanded the supercar-maker pay a ransom. It has since stated it will not pay those responsible.

According to an official client communication letter from the Italian firm, the hackers gained access to customer data including names, addresses, email addresses and phone numbers.

Ferrari stated that upon investigation, no payment details or bank account numbers were stolen. It also states no other sensitive information was acquired by the criminals during the hack.

Upon receiving demands to pay a ransom related to the client data, the company made it clear that it would not cooperate with the hackers.

“As a policy, Ferrari will not be held to ransom as paying such demands funds criminal activity and enables threat actors to perpetuate their attacks,” Ferrari CEO, Benedetto Vigna, wrote in a statement.

“Upon receipt of the ransom demand, we immediately started an investigation in collaboration with a leading global third-party cybersecurity firm. In addition, we informed the relevant authorities and are confident they will investigate to the full extent of the law.”

Ferrari said it has reinforced its cyber security systems and is now confident in their resilience against future attacks.

It also confirmed that the breach had no impact on the operations of the company and hopes to regain the trust of its customers, some of who are among some of the most wealthy in the world.